Figuring Out Businesses
Most marketers like the brand equity area of brand building for it is painless to execute and is not easily assessable over the short term. That indicates it requires a commissioned market research in order to gauge attitude changes that have been caused by the consumption of media products like outdoor, print, and electronic advertising. The value, which composes the sales volume side of the brand, can be determined right away using a volume drive that you can set precise volume targets for.
Brand activation in its most basic form is a road show that takes your brand to the people in order for them to experience it first-hand. Your favorite singer is a brand and when you go to his live shows and experience his music in person, that is activation. It is called experiential marketing and is a good method of creating experiences with the brand for consumers, especially of fast-moving consumer goods.
Then again, there are products that are not constantly on demand, and sometimes there can be a dip in demand. Brand activation is a strategy you can use to increase sales over a brief period of time. The purpose may be to inform the public on the major characteristics of the product and show it while in use. The benefit of this is interactive and on-the-spot response.
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The concept is captivating because, say, a bottle of dishwashing liquid is a bottle of dishwashing liquid, and brands only exist in consumers’ minds, where perception is the truth. When you activate a brand, whether in-home, in-store or outdoor, you are re-implementing the brand’s attributes and implanting even deeper into the consumer’s psyche as they touch, feel and use your product.
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This activity won’t only create excitement, but also it also puts a stop to the business wondering why a lot of money was put into the product and what its return was. Involvement in the fun activities around the brand, in which many prizes may be given out, is based on actual purchases of that brand; that makes it easy for the sales team to quantify effectiveness through increasing sales. When you produce opportunities for the brand to be alive in the important channels, you connect perfectly with consumers and in that way achieve awareness of the brand.
Therefore, brand activation is what actually makes your brand part of consumers’ lives, regardless for how short a moment. And that is precisely what you have to aim for- to have people touch your brand, rather than simply hearing about your product, giving them a solid encounter that has a better chance of being etched into their consciousness.